AIR CHARTER SCOTLAND GROUP LIMITED

💤Zombieactive
SC656770 · ltd · incorporated 2020-03-09
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
Upgrade to see
Turnover
year to Dec 2024
Net worth
£1.88M
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: SIC 51102
Sector: Transportation & storage
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 74/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
4 officers (1 active, 4 linked, 4 with DOB)
90
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
35 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
65
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £1,884,200
Net assets shrinking
Down £414,000 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
£86k
Net Worth
£1.9m
↓ 18% YoY
Current Assets
£87k
Current Liabilities
£0£460k£919k£1.4m£1.8m£2.3mDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£1.88M£2.30M
Current assets£86.7k
Cash£86.0k
Debtors£695£500.7k
Net assets£1.88M£2.30M

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

1 signal detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.

Available from the Pro tier upwards.

See pricing →

Recent activity

Last 30 days
1
filing
  • 1 capital
Last 90 days
6
filings
  • 3 officers
  • 2 capital
  • 1 confirmation-statement
Last 180 days
6
filings
  • 3 officers
  • 2 capital
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2026-04-15
    📄
    capital-return-purchase-own-shares
    capital · SH03
  2. 2026-02-23
    📄
    capital-cancellation-shares
    capital · SH06
  3. 2026-02-03
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2026-02-03
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2026-02-03
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2026-01-23
    FLINT, Lauren resigned
    director
  7. 2026-01-23
    MCFARLANE, David Marcelus resigned
    director
  8. 2026-01-23
    MCFARLANE, Elisabeth Hendrika resigned
    director
  9. 2025-09-01
    📄
    accounts-with-accounts-type-group
    accounts · AA
  10. 2024-08-21
    📄
    accounts-with-accounts-type-group
    accounts · AA
  11. 2024-07-05
    📄
    second-filing-of-director-appointment-with-name
    officers · RP04AP01
  12. 2024-04-19
    📄
    memorandum-articles
    incorporation · MA
  13. 2024-04-19
    📄
    resolution
    resolution · RESOLUTIONS
  14. 2024-04-19
    📄
    capital-name-of-class-of-shares
    capital · SH08
  15. 2024-04-18
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  16. 2024-04-18
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  17. 2024-04-18
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  18. 2024-03-15
    FLINT, Lauren appointed
    director
  19. 2024-03-15
    MCFARLANE, David Marcelus appointed
    director
  20. 2024-03-15
    MCFARLANE, Elisabeth Hendrika appointed
    director
  21. 2024-01-31
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  22. 2023-09-20
    📄
    accounts-with-accounts-type-group
    accounts · AA
  23. 2022-11-18
    📄
    accounts-with-accounts-type-group
    accounts · AA
  24. 2021-11-25
    📄
    accounts-with-accounts-type-group
    accounts · AA
  25. 2021-07-27
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  26. 2020-03-09
    🏢
    Company incorporated
    As AIR CHARTER SCOTLAND GROUP LIMITED
  27. 2020-03-09
    MCFARLANE, George Edward appointed
    director

Owner dependency

83/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.

Succession & seller-readiness

65/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 med ·
3 director resignations in last 12 months
medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: FLINT, Lauren resigned 2026-01-23; MCFARLANE, David Marcelus resigned 2026-01-23; MCFARLANE, Elisabeth Hendrika resigned 2026-01-23

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr David Marcelus Mcfarlane
Individual · British · DOB 07/1990 · age 36
2550%
25–50%25-50% shares · 25-50% voting11/03/2020
Lauren Flint
Individual · British · DOB 11/1994 · age 32
2550%
25–50%25-50% shares · 25-50% voting11/03/2020
1 historic (ceased) PSC
  • Mr George Edward Mcfarlaneceased 11/03/2020· 75-100% shares · 75-100% voting · board control

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

7 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

Available from the Pro tier upwards.

See pricing →
🔒Advanced scoring suite

Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.

Available from the Pro tier upwards.

See pricing →

Company details

Statusactive
Typeltd
Incorporated2020-03-09
Jurisdictionscotland
Primary SIC51102 — SIC 51102

Registered office

3 Colvilles Place
East Kilbride
Glasgow
G75 0PZ
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-03-06
Last: 2026-02-20

Officers (1 active · 3 resigned)

MCFARLANE, George Edward
director · ~63y · appointed 2020-03-09
View their other companies + combined net worth →
Active
FLINT, Lauren
director · ~32y · appointed 2024-03-15 · resigned 2026-01-23
Resigned
MCFARLANE, David Marcelus
director · ~36y · appointed 2024-03-15 · resigned 2026-01-23
Resigned
MCFARLANE, Elisabeth Hendrika
director · ~64y · appointed 2024-03-15 · resigned 2026-01-23
Resigned

Click a director name to see their full track record across all companies.

Recent filings (35 total)

capital-return-purchase-own-shares
capital · SH03
2026-04-15
capital-cancellation-shares
capital · SH06
2026-02-23
confirmation-statement-with-updates
confirmation-statement · CS01
2026-02-23
termination-director-company-with-name-termination-date
officers · TM01
2026-02-03
termination-director-company-with-name-termination-date
officers · TM01
2026-02-03
termination-director-company-with-name-termination-date
officers · TM01
2026-02-03
accounts-with-accounts-type-group
accounts · AA
2025-09-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-25
accounts-with-accounts-type-group
accounts · AA
2024-08-21
second-filing-of-director-appointment-with-name
officers · RP04AP01
2024-07-05
memorandum-articles
incorporation · MA
2024-04-19
resolution
resolution · RESOLUTIONS
2024-04-19
capital-name-of-class-of-shares
capital · SH08
2024-04-19
appoint-person-director-company-with-name-date
officers · AP01
2024-04-18
appoint-person-director-company-with-name-date
officers · AP01
2024-04-18